Restaurant businesses contain a lot of risk. This is particularly true of fine dining establishments. Your products tend to be higher price, your property and assets tend to be worth more. You need to be able to protect your cash flow as much as possible. You can do this with fine dining insurance in Arizona.
General liability is the most common protection. It protects against third-party claims. These claims include:
- Bodily injury
- Property damage
- Personal injury
Most businesses need general liability coverage, including restaurants.
If your restaurant serves, distributes, manufacturers or sells alcohol, then you need to have liquor liability insurance. In some cases, someone might injure himself or herself, someone else or cause property damage after consuming alcohol. When this happens, you are liable. No matter the type of alcohol you have, you need liquor liability.
Product liability covers food products. For instance, if you sell your own bottled sauces and someone becomes ill, you’re liable for their medical bills. If you sell any type of food product, you need to make sure that you have product liability, as other coverages may not be adequate.
If you’re looking for fine dining insurance in Arizona, it’s important that you get the right coverages. Most restaurants can’t go without general, liquor or product liability.